Mitsui OSK Lines (MOL) looks set for another blockbuster year, despite earlier predictions of a much weaker performance this financial year.

Japan’s largest-listed shipowner reported a first-quarter profit of ¥285.7bn ($2.15bn) against the ¥104.1bn reported 12 months ago.

The big jump in profit came despite its container ship business continuing to be affected by the turmoil within global supply chains.